How Wall Street layoffs will affect the housing market

Investment banks including Goldman Sachs, JPMorgan Chase, Citigroup and Morgan Stanley may slash and burn dozens of jobs as soon as next month, as my colleague Halah Touryalai reports. And these positions may never be replaced. It’s the latest round of layoffs for Wall Street, which let thousands of workers, particularly traders, go in 2011.
Wall Streeters have already suffered some discouraging news this year, as cash bonuses for work done in 2011 were cut and capped………………………………………..Full Article: Source